The hard times continue for the energy sector as Houston-based oil and natural gas company Vanguard Natural Resources LLC became the latest casualty of falling commodities prices.
Vanguard filed for Chapter 11 protection in Houston on Thursday. Paul Hastings, a longtime legal adviser to the company, is advising the debtor in its bankruptcy case. In its filing, Vanguard lists assets and liabilities each of between $1 billion to $10 billion.
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